§ 5-28-21-7 — Application for grant, loan, or loan guarantee; requirements

Indiana § 5-28-21-7

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 28: INDIANA ECONOMIC DEVELOPMENT
• Ch. 21: Small Business Incubator Program

Text

A political subdivision (as defined in IC 36-1-2-13), a nonprofit organization, or a for-profit organization may
submit an application to the corporation to obtain a grant, loan, or loan
guarantee to establish a small business incubator. The application must:
(1) describe the facility that is to be converted to an incubator;
(2) specify the cost of the conversion;
(3) demonstrate the ability of the applicant to directly provide or
arrange for the provision of business development services
(including financial consulting assistance, management and
marketing assistance, and physical services) for tenants of the
incubator;
(4) demonstrate a potential for sustained use of the incubator by
eligible tenants through a market study or other means;
(5) demonstrate the ability of the applicant to operate the
incubator in accordance with section 19 of this chapter;
(6) state that the applicant will not discriminate against an
employee or applicant for employment on the basis of race,
religion, color, national origin, sex, or age; and
(7) include any other information required by the corporation.

Legislative History

As added by P.L.4-2005, SEC.34.